skip to Main Content
As Sales Stall, Metro Vancouver Caught Between A Buyer’s And Seller’s Market

As sales stall, Metro Vancouver caught between a buyer’s and seller’s market

By Sarah MacDonald and Jon Azpiri for Global News

This is the first of a five-part series on the state of real estate in Metro Vancouver. 

Back in 2016, Vancouver’s white-hot real estate market looked as if it would never cool down.

Three years later, industry experts say times have changed.

“Prices now are back to where they were around, say, mid-2015,” Brendon Ogmundson of the B.C. Real Estate Association said.

Vancouver Real Estate News, Market Updates, Insider Tips, Stats, & Analysis

Sign up for insider real estate news & tips from our podcasting team.

Are you a realtor? Click here
Selling Your Home? Click here

  • Reload
  • Should be Empty:

A once boiling hot market appears to be lukewarm at best. Listings that would have once fuelled fierce bidding wars can be left lingering for months.

In some cases, asking prices have dropped dramatically below assessed values in a bid to attract buyers.

A home in Vancouver’s Southlands neighbourhood had a listing price of $5.29 million last year and is now available for $3.6 million. Another home on Vancouver’s west side was listed at $4.5 million and now lists for $3.9 million.

Continue reading the full story here >>
 

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top